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Search Results 0 to 9 of about 10 (some duplicates have been removed)
that depend on them, or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loophole that is benefit only the healthiest americans and biggest corporations? that's the choice. >> while the cuts would put the gvt government on a path towards a debt reduction, they are inkrimtat or a lot like a meat clever. it would force the f.a.a. to regularly furlough 4,000 workers a day which accounts for more than 10% of its entire staff. 125,000 families would immediately lose rental assistance putting them at risk of homelessness, and the military's health insurance program would face a $3 billion shortfall, meaning retirees and dependents of active soldiers could lose their coverage. as congress heads into the frantic sprint to the deadline next week, how much influence will president obama have on republicans? a month ago the president signalled he would be doing more outreach towards capitol hill or at least more in-home entertaining. >> personal relationships are important, and obviously i can always do a better job and the
, but will lowering tax rates create a stronger american middle class, a morrow bust economy? fans of history, facts, and economic data question the merits of trickle down economics. since ronald reagan took office, the government has eased the tax burden on the wealthiest americans. the result of three decades of tax cutting, according to a cbo report that republicans tried desperately to kill, "there is not conclusive evidence to substantiate a clear relationship between the 65-year steady reduction in the top tax rates and economic growth." so what is the legacy of the last three decades? staggering income disparity. the average household income has skyrocketed for the top 1% far outpacing the modest gains by the bottom 99%. in 2010 93% of income gains went to the top 1%. in 2011 the average .01%er made $23 million. that same year the average member of the bottom 90% made $30,000. according to the washington post given the gaping difference in income, it was hard to graph the disparity on the same chart. the past month and a half has shown just how vulnerable the middle and working class remain.
that nobody expected to actually go into effect, it's bad management for the macro economy, for large programs, of course, but that said and the recent notes of the market freaking out, it is not doomsday. we have a tendency in washington of wildly overhyping everything we do. this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that
to market, but we also have to make our economy more efficient and use less oil. >> that was president obama in an interview yesterday answering a question about rising gas prices. his response illustrates a balancing act he faces on manager issues. moving towards energy independence and also addressing climate change concerns. nothing tests that balancing act more than the decision on the keystone xl pipeline. an approval the president delayed last year due to concerns over the pipeline ae environmental impact. the keystone is back on the table. the $7 billion project would build a 2,000 mile pipeline connecting canada's oil sands to refineries in texas and the gulf of mexico delivering more than 700,000 barrels of heavy crude oil into the country every day. president obama and the state department are expected to make a decision by the end of march, but it won't be easy. last weekend tens of thousands of environmentalists took to the streets of washington in what's being billed as the largest climate rally in u.s. history. opponents of the pipeline say that the extraction of the crude oil
to the economy, to the culture, to this society on a daily basis. many of them, a majority, have u.s.-born children. this is what really it's all about. these people are here to contribute and to remove that aspect, that 800 pound elephant from the discussion i think really is a disservice to people who contribute to the prices that we pay for our vegetables and fruits, to how the economy continues to run in this country. these people are looking for politicians both republicans and democrats, and i spoke to some democrats over the weekend who, quite frankly, are upset at this leak as much as senator rubio seems to say he is because they've been asking the president to keep his powder dry, to let them try to work behind the scenes to get something done with republicans who are in many ways looking, some of them, for any excuse to back out of any immigration reform. this is not helpful, and it's certainly not helpful to the folks that have hopes and dreams and aspirations to those coming out of the shadows. >> the republican party, increasingly, becoming mono crow mattic, which is t
Search Results 0 to 9 of about 10 (some duplicates have been removed)